HR Tech platform GetWork has raised Rs 2 Cr in seed funding from Artha Venture Fund (AVF), and angel investors of India Accelerator. AVF bought a 16% stake in the platform and it is the tenth investment from the current fund.
Managing Partner of Artha Venture Fund – Anirudh A Damani stated, “The pandemic forced higher education institutions to go online. It also led to the proliferation of upskilling platforms and institutes that improve employee skills for better job prospects. All of them reach out independently to employers through various channels, overwhelming their recruiting teams and making the job difficult for employers and employees to find each other.”
He added, “GetWork solves that problem by providing a single platform solution for placement cells and employers to communicate with each other, post their requirements and opportunities, and make it easier for employers of any size to find a team member that matches their needs.”
“We realized that GetWork’s platform was a need-to-have solution by observing the hiring issues our founders faced. We knew this platform is the need of the hour. I am super excited about our investment and welcome GetWork to the AVF family!” Anirudh said.
Founder and CEO of GetWork – Rahul Veerwal commented, “The success stories of AVF’s portfolio are a testament to the firm’s strategic approach towards achieving business metrics. We were looking for an investor who would go beyond the conventional norms of a VC and help us scale the business. We are honoured to have partnered with AVF, a firm that has carved its niche in the micro-VC segment.”
Co-Founder and CTO of GetWork – Sumit Gupta said, “Colleges & institutes that switch to GetWork see 2-3x average increase in number of reputed job postings and it enables placement cells & institutes to go online in just two minutes”.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.